Clearbridge Investments LLC Has $1.07 Billion Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Clearbridge Investments LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,237,716 shares of the financial services provider’s stock after buying an additional 849,027 shares during the period. JPMorgan Chase & Co. accounts for about 1.0% of Clearbridge Investments LLC’s portfolio, making the stock its 12th largest holding. Clearbridge Investments LLC owned 0.28% of JPMorgan Chase & Co. worth $1,073,457,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Karpas Strategies LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.3% in the 4th quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock worth $2,898,000 after purchasing an additional 71 shares during the period. Oxler Private Wealth LLC raised its position in shares of JPMorgan Chase & Co. by 0.9% during the fourth quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 71 shares during the last quarter. Sanford Advisory Services LLC raised its position in shares of JPMorgan Chase & Co. by 2.4% during the fourth quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock valued at $426,000 after buying an additional 73 shares during the last quarter. Gould Asset Management LLC CA raised its position in shares of JPMorgan Chase & Co. by 1.2% during the fourth quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock valued at $882,000 after buying an additional 75 shares during the last quarter. Finally, Dempze Nancy E raised its position in shares of JPMorgan Chase & Co. by 2.0% during the fourth quarter. Dempze Nancy E now owns 3,808 shares of the financial services provider’s stock valued at $511,000 after buying an additional 75 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, Vice Chairman Peter Scher sold 2,482 shares of the stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $141.39, for a total value of $350,929.98. Following the completion of the transaction, the insider now directly owns 41,333 shares of the company’s stock, valued at approximately $5,844,072.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 2,482 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $141.39, for a total value of $350,929.98. Following the completion of the sale, the insider now directly owns 41,333 shares in the company, valued at approximately $5,844,072.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jennifer Piepszak sold 1,871 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $140.70, for a total value of $263,249.70. Following the transaction, the chief executive officer now owns 22,926 shares of the company’s stock, valued at $3,225,688.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,593 shares of company stock valued at $1,992,388. 0.79% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on JPM shares. Evercore ISI reduced their price objective on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a research report on Friday, May 12th. Barclays raised their target price on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a report on Sunday, July 16th. Credit Suisse Group lifted their price objective on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a research note on Monday, July 17th. Citigroup downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 target price for the company. in a research report on Wednesday, July 12th. Finally, 888 restated a “maintains” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 26th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $165.89.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded up $1.18 during trading hours on Friday, hitting $147.51. 4,432,137 shares of the company’s stock were exchanged, compared to its average volume of 11,473,403. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The firm has a market cap of $428.68 billion, a P/E ratio of 9.50, a P/E/G ratio of 1.90 and a beta of 1.10. The firm has a 50 day moving average of $150.13 and a two-hundred day moving average of $141.26. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $159.38.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.75. The business had revenue of $42.40 billion during the quarter, compared to the consensus estimate of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The business’s quarterly revenue was up 34.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.76 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 15.57 EPS for the current year.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.